Penn Capital Management Company LLC Buys Shares of 31,493 Stewart Information Services Corporation $STC

Penn Capital Management Company LLC bought a new position in Stewart Information Services Corporation (NYSE:STC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,493 shares of the insurance provider’s stock, valued at approximately $2,309,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors raised its stake in Stewart Information Services by 107.7% during the 3rd quarter. Capital International Investors now owns 764,459 shares of the insurance provider’s stock worth $56,050,000 after buying an additional 396,390 shares during the period. Tributary Capital Management LLC increased its holdings in shares of Stewart Information Services by 92.5% in the third quarter. Tributary Capital Management LLC now owns 568,864 shares of the insurance provider’s stock worth $41,709,000 after acquiring an additional 273,424 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of Stewart Information Services by 23.2% in the third quarter. Cooke & Bieler LP now owns 551,519 shares of the insurance provider’s stock worth $40,437,000 after acquiring an additional 103,777 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in shares of Stewart Information Services during the third quarter worth about $7,463,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Stewart Information Services by 193.0% during the 3rd quarter. Two Sigma Investments LP now owns 118,168 shares of the insurance provider’s stock valued at $8,664,000 after purchasing an additional 77,844 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insiders Place Their Bets

In other news, Director C Allen Bradley, Jr. purchased 1,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average cost of $65.34 per share, with a total value of $65,340.00. Following the completion of the transaction, the director owned 21,243 shares of the company’s stock, valued at $1,388,017.62. The trade was a 4.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on STC shares. Keefe, Bruyette & Woods raised their target price on shares of Stewart Information Services from $81.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Stephens raised shares of Stewart Information Services from an “equal weight” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research report on Friday, February 27th. Wall Street Zen cut Stewart Information Services from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stewart Information Services in a research report on Monday, December 29th. Finally, Citizens Jmp began coverage on Stewart Information Services in a research report on Monday, February 2nd. They issued a “market outperform” rating and a $80.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $81.33.

Stewart Information Services Trading Up 1.4%

Shares of NYSE:STC opened at $64.90 on Wednesday. The company’s 50-day moving average price is $67.76 and its two-hundred day moving average price is $70.80. Stewart Information Services Corporation has a one year low of $56.39 and a one year high of $78.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $1.82 billion, a PE ratio of 16.06 and a beta of 1.00.

Stewart Information Services (NYSE:STC) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.30. Stewart Information Services had a return on equity of 9.32% and a net margin of 3.95%.The company had revenue of $794.40 million during the quarter, compared to analysts’ expectations of $774.05 million. During the same quarter last year, the company earned $1.12 EPS. Stewart Information Services’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, equities analysts forecast that Stewart Information Services Corporation will post 6.29 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $2.10 annualized dividend and a dividend yield of 3.2%. Stewart Information Services’s dividend payout ratio (DPR) is currently 51.98%.

Stewart Information Services Company Profile

Stewart Information Services Corporation (NYSE: STC) is a publicly traded provider of title insurance and real estate transaction services. The company underwrites title insurance policies for residential and commercial properties, offering lenders and property owners protection against title defects and liens. Beyond title insurance, Stewart delivers a range of ancillary services, including closing and escrow administration, property valuation, and risk mitigation solutions designed to streamline the mortgage process and reduce operational complexity for clients.

In addition to core title and settlement services, Stewart offers technology-driven products aimed at enhancing transparency and efficiency in real estate transactions.